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Copper Mountain Mining Corp.
Summary
| Project: | Copper Mountain Mine | |
|---|---|---|
| Deposit: | New Ingerbelle | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 9/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-9-2018: Copper Mountain Mining Corp. announces a Resource Estimation report for its New Ingerbelle deposit at the Copper Mountain Mine project. Updated mineral resource estimate at New Ingerbelle. Vancouver, British Columbia – September 21, 2018 – Copp | |
| Resources: | (Resource, M+I): 151.278Mt @ 0.29% Cu, 0.57g/t Au, 0.18g/t Au | |
| CP/QP: | [Resources]: Peter Holbek (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – September 21, 2018 – Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the “Company” or “Copper Mountain”) is pleased to announce that following the completion of its Phase 2 drilling program, the Company has updated the Mineral Resource for its New Ingerbelle property. Results of resource estimation based on the Phase 2 drilling program have exceeded the Company’s goal set for Phase 3. The drilling program has successfully expanded the resource area and converted a significant part of the previously Inferred Mineral Resource to the Indicated and Measured categories. The New Ingerbelle deposit is located approximately one kilometre from the Company’s flagship operation, the Copper Mountain Mine (See Appendix A for New Ingerbelle location map). Gil Clausen, Copper Mountain’s President and CEO stated, “Given the size and quality of the Mineral Resource, we believe New Ingerbelle has the potential to be a significant contributor of value to the Company. With New Ingerbelle’s Mineral Resource exceeding our target, our next step now will be to move New Ingerbelle into the evaluation phase. The evaluation phase will include a mine plan and economic analysis to move the Mineral Resource to the Mineral Reserve category. Given New Ingerbelle’s favourable grade and proximity to our Copper Mountain operation, it has the real potential for growth and flexibility for our near-term production plans. Further, it is just one of several high-quality growth projects we have in our portfolio.” A summary of New Ingerbelle’s Mineral Resource estimate is provided below. The new resource estimate is based on approximately 38,000 metres of historical drill data which is below current topography and 15,000 metres of new drilling, which includes drill and assay information up to September 17, 2018. | |
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